2012-11-21
2012-11-29
x Squawk on the Street

PROGRAM
Squawk on the Street 4
STATION
CNBC 4
DATE
Nov 28th (Wed) 1
Nov 23rd (Fri) 1
Nov 27th (Tue) 1
Nov 21st (Wed) 1
LANGUAGE
English 4
TOPIC
chicago 4
europe 4
geico 4
greece 4
rick santelli 4
s&p 4
spiriva 4
washington 4
apple 3
cairo 3
california 3
carl 3
china 3
gm 3
hahaahahaha 3
hp 3
( more )

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CNBC - Squawk on the Street
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Nov 27, 2012
CNBC
Squawk on the Street
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Nov 27, 2012


? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
CNBC - Squawk on the Street
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Nov 21, 2012
CNBC
Squawk on the Street
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Nov 21, 2012


, put up some of the sector gainers and you'll see, housing, gold, cyclical, defense and there's the cbo golds index, too. this is all risk on trades here, so the market is giving a breather. i spent some time today calling around to traders saying when is going to be the cliff you're worried about. when are you going to stop selling rather than the buying that's been going on. here is the sense i got from people. number one, congress has got a two-week good will period. that seems to be the consensus of most of the traders. a for the next two weeks, her l essentially, congress can negotiate a deal. the markets are going to be nervous if there's no indication of a deal by the week of december 10th. that's about the cut off where most say if we don't see an indication, we're going to get nervous. not priced in at all is no deal. going over the fiscal cliff, that is not priced in at all into the markets and everyone says we'll see a big, steep drop off. what do they need? i asked traders, what's the down payment of the deal. there's three or four elements. this is the minimum we're going
CNBC - Squawk on the Street
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Nov 23, 2012
CNBC
Squawk on the Street
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Nov 23, 2012


know of or was discussed in the complaint. but your point is a good one. we don't know what the defense is here in terms of mr. martoma and his lawyer, do we? >> we don't. we have strong bullish language from charlie in favor of his client. we also have a fact that the feds have been trying for years to build a case against a higher up at s.a.c., probably cohen based on what we hear as of this week. so far it hasn't worked out. the other interesting tidbit from the other day, the journal reported there was a wiretap placed on one of steve cohen's phones sometimes around the time of this sale of this insider trading allegedly driven position. there was a two-week wiretap of cohen's phones. we don't know whether that wiretap was present when the key conversation was had with martoma or not. if you read the complaint, there's very little detail about that pivotal conversation. we really don't -- it's possible they're not showing their full hand them have more that we haven't seen. it's possible that they don't have a lot of case tying cohen to insider trading allegations. >> kate kelly, th
CNBC - Squawk on the Street
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Nov 28, 2012
CNBC
Squawk on the Street
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Nov 28, 2012


. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something

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